Digital Communication

Roadmap (June 1st 2018)

Participating in Blocxs

Investors information and how to get involved in our blockchain initiative

CXS Initial Coin Offering (ICO) - General

Definition of the CXS token

The CXS token will provide a pay-per-use function and holds a unit of value within the Blocxs ecosystem. Consumers, companies and other parties can use the tokens to pay for the services and products Blocxs will provide. The price paid for includes the cost price of the service including but not limited to the costs for infrastructure, operational costs and legal and notary services from 3rd parties in the real world. The token stands for the focus and effort to close the gap between blockchain and the society. By participating in the ICO you join the team to be part of this transition.

CXS token logo

CXS token logo

Technical Details

Two ways are offered to gather CXS tokens. The CXS token which is bought directly from the smart contract will be ERC20-compliant and therefore exchangeable upon release. Tokens sold via the Waves platform are tradeable at a later moment (focusing on October 2017) via a separate conversion program. This will allow everyone to participate in a way that is convenient and safe.

Name

CXS – ‘Conceived Extensions Token’

Symbol

CXS

Conversion

25.000 CXS = 1 BTC

Number of decimals

8

Cap

None – defined at the closure of the ICO

Token representation

Unit-of-value within the Blocxs ecosystem

Any CXS token that is gathered via the ICO will be distributed according to the information in the white paper. Most important things to know is that 5% of the value will be transferred into the Blocxs foundation as a donation respecting the Dutch Foundation rules and 5% will be send to the Team to cover the ICO costs as an incentive for this initiative. More information about the coin distribution upon and after the ICO is described in the white paper that can be found here.

Why should I Participate?

The ICO will provide the funds to allow us to design, build and productize the Blocxs smart contract platform and the first product (Life Sign Monitoring) on this platform. Investing in Blocxs means investing in a revolutionary shift into a blockchain driven society in which fraud, corruption and trust issues are things from the past. Also, looking at our proposition, a number of additional reasons are described below.

The token relies on usage and therefore deflation occurs. The services we offer cost CXS tokens to execute. The price index of these services will be adjusted according to the number of tokens that are left.

P(Baseprice)= Base price based on current cost price and margins upon release

Conversion = conversion of valuation of CXS

Total tokens left and tokens issued > 0

In other words, the price of the services will go up when less tokens are left given that the conversion remains the same. Also when the conversion goes up the price goes down as the token becomes more valuable. More valuable means that you need more Bitcoin per CXS. Prices will be updated on a daily base.

The token powers the entire ecosystem of Blocxs. While the ICO itself does not cap the tokens issued, no more tokens will created afterwards. When a service is bought the tokens paid will be burned for 90%. 5% will be reserved for rewarding Master Node owners while the last 5% is the administration fee. Participating as a master node will ensure the support and existence of the Blocxs ecosystem. Other blockchain initiatives like Wagerr uses this principle too. We therefore see a reward program is logical and can be very profitable in the foreseeable future. More details about participating with a Master Node will become available in Q1 2018 on the Blocxs website and other means of communication.

We anticipate in a 5-year plan to obtain a sustainable growth of the Blocxs company. This not only means we support a growing user base but we also focus on an increasing number of products and services used per user. Life Sign Monitoring is the first product of an entire range and other products will follow soon. A compare can be made with Facebook, as it now not only offers Facebook but also Messenger, WhatsApp and Instagram to its users and more products are there to come. More information about our mission, statement and vision are mentions in our whitepaper.

The token will become transferable immediately when bought via Ethereum or when converted via the Conversion Program after you acquired CXS tokens via the Waves Platform. Make sure to sign up for the newsletter to stay informed about this program. We will provide a 6-months period after the start date of the Conversion Program to allow plenty of time to convert into ERC-20 compliant tokens. Waves is also working towards ERC-20 compliancy which might replace this program.

Disclaimer: Wagerr, Facebook, WhatsApp, Instagram as registered trademarks and are not affiliated to Blocxs in any way.

How does the ICO work?

The first announcements will be made starting from February 1st, 2018 15:00 CET.

We will host the ICO for 6 weeks, until April 30st, 2018 15:00 CET – 22:00 KST – 9AM EDT. The Ethereum Contract accountable for token issue become active at block number 4165011 and remains active until block number 4282747 (approximately and will be updates 24 hours before the actual ICO launches). The only way to buy ICO tokens for the conversion rate mentioned earlier is during this ICO period.

There are 2 ways to participate. Both options has its own advantages and disadvantages. Generally speaking, you can use the Waves Platform to buy CXS tokens when you are looking for a easy, secure and convenient way to buy tokens. Alternatively you can use the Ethereum platform to obtain CXS tokens when you are used to the principles of the Ethereum ecosystem including the use of dAPPs and web applications like MyEtherWallet.com.

It goes without saying that you are fully responsible for storing your credentials used for your participation in a safe way. Also we cannot be held responsible for any loss of valuable assets of any kind before, during or after the ICO. The provided guidelines are a way to assist you in the process of gathering CXS tokens.

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Disclaimer

Ownership of the CXS tokens does not carry any rights other than the right to use them as a means to obtain services on the Blocxs platform and to enable usage of and interaction with the platform after a successful and complete deployment. The tokens do not represent any kind of ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the Blocxs platform, its underlying services and its affiliates. The tokens are not refundable and are not intended to be used as a digital currency, security, commodity or any other kind of financial instrument.